Power and Infrastructure Board (PPIB) has issued Letter of Interest (LOI) to
China Communications Construction Company Ltd
(CCCC) for development of 300 MW Imported Coal-fired Power Project at Gwadar.
This project is a component of flagship China-Pakistan Economic Corridor
(CPEC) initiative of the Governments of China and Pakistan. The document was
signed by Mr. Shah Jahan Mirza Managing Director PPIB and from the company's
side it was signed by Mr. Xu Jun, Vice President of CCCC. M/s CCCC would
develop the 300 MW power project utilizing imported coal at Gwadar,
Balochistan. The company will obtain tariff approval from NEPRA and start
construction after achievement of Financial Closing. The said project has
been approved by the Joint Cooperation Committee (JCC) of CPEC and the PPIB
Board for further processing.
Gwadar city is blessed with a warm-water, deep-sea port
situated on the Arabian Sea at Gwadar in Balochistan province of Pakistan.
The port features prominently in the CPEC framework, and is considered to be
a crucial link between the ambitious One Belt, One Road and Maritime Silk
Road projects. The economic activities foreseen at Gwadar in the near future
would require a reliable power supply.
With the addition of 300 MW Gwadar Power Project, the
portfolio of power generation projects being processed by PPIB has numbered
to nine coal based projects of 8220 MW and three hydro based projects of
2714 MW constituting aggregate total of twelve projects of 10934 MW under
the CPEC. From amongst the CPEC projects, the Honorable Prime Minister of
Pakistan has recently inaugurated the 1st unit (660 MW) of 1320 MW Sahiwal
coal based Power Project, whilst its 2nd unit of 660 MW is scheduled to come
online by December 2017.
PPIB is working as a leading institution of government
in bringing additional power generating capacity for improving energy mix in
power generation through blend of imported and indigenous fuel/resources for
upcoming IPPs. A number of hydro and local coal based power projects are
under development to cater the electricity requirements of the country on
long term basis, while imported coal based projects are being processed as a
reliable base load solution.